McKnight’s Senior Living December 14, 2023
National health spending reached $4.5 trillion in 2022, or $13,493 per person, according to an analysis from the Office of the Actuary at the Centers for Medicare & Medicaid Services published Wednesday afternoon. That’s a year-over-year increase of 4.1%, which was slower than growth in the nominal gross domestic product, which increased 9.1% during the same time period, the authors noted.
Spending for services provided at freestanding nursing homes and continuing care retirement communities, which represented 4% of overall spending, increased by 5.6% in 2022, to $191.3 billion, after reporting a 7.8% dip in spending in 2021.
“Nursing homes consist of a lot of Medicare and Medicaid spending, and we saw a decline in Medicare spending in 2021,” CMS Economist...
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